Northland Power Inc (Ontario) reports results for the quarter ended December 31 - Earnings Summary

• Northland Power Inc (Ontario) NPI.TO reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of C$-1.13. The mean expectation of five analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 29 cents to 65 cents per share.

• Revenue fell 8.7% to C$571.87 million from a year ago; analysts expected C$570.50 million.

• Northland Power Inc (Ontario)'s reported EPS for the quarter was 49 cents​.

• The company reported quarterly net income of C$128.29 million.

• Northland Power Inc (Ontario) shares had risen by 5.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the independent power producers peer group is also "buy"

Wall Street's median 12-month price target for Northland Power Inc (Ontario) is C$28.00

This summary was machine generated from LSEG data February 27 at 04:12 a.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)